The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-11-23
Cotton Factors.

The following questions were propounded
TO cotton factors: "What amount Of insur-
ance was Cancelled ON youas result of the
recent ires?" ''The amount Of same in
home companies?" "The amount in for
eign companics?" "What effect did such
cancellations have TO lessen the amount
OF your accommodations in banks?" The
replies were as follows
A. u. Treadwell-I have only had one
$4,000 policy OF cotton insurance cancelled
by reason OF the recent fires. forget the
name OF the company, but il was foreign
one. did not ask the reasons for the
cancellation, for at once replaced the in
surance in one OF our home insurance
companies. As for accommodations IN the
banks, never ask for any.
Day, Horton 4 Bailoy-We have had n
policy OF 5000 cancelled by one of our for
cign companies, but as we handed over
the policy ths agent handed another for
the amount In company Just MS good. So
II did not make any difference TO us. There
is not the least trouble in getting the full
est accommodation in insurance. In fact,
there have been four agents here today 80.
liciting business for their companies. The
money market may be q little tight, but
We have not experienced the least incon-
vcnicncc in getting all the money We
needed.
Z. McCaddcn & Co.-None Of our insur-
ancc policies have been CsncolCd, aud wc
have had no difficulty in placing all thcin-
suruncc We needed. All Of our insurance
Is in foreign companies The difficulty
with the bank accommodations is not with
the sellers, but the buyers OF cotton, aud
from what We can learn money Is very
scarce. Currency, we mean, the buyers
having difficulty in getting their exchange
cashed.
Norilcct & sledgc Not one Of our
policies have been cancelled. No trouble
about getting all the insurance We want.
As for bank accommodation, we have not
had 10 ask for any lately.
Stewart, Gwynnc d Cove had one
small policy Cancelled by some foreign
company; didn't inquire the reason, as the
agent replaced II the same day IN another
foreign company. There j. no difficulty IN
getting Us much insurance n We desire,
aud the iact Is, agents, since the fire, hay,
been soliciting additional policies. Their
has been no lcsscning in our bank accom-
m0as;l0ns, though. Il i . fact. the hanks
arr very close in furnishing money on cot
ton collateral
Alston 4 Mnury There has been n,
iniimation OF canccling amy oi our poll
cics ON cotton. They nrc all in hom,
companies. Money maiicn arc easy will
us.
Gordon Bros. 4 Co Had no cotton poll
cics cancelled Insurance is ~ easy ~ be-
fore the great fires.
T.. y. fsics & Go. No cancellation O
any Of our policies Can get all Of the IN
surnnce W. dcsirc. We never ask for an,
accommodations from banks.
Thos Howard. OF Howard & Co.-Ou
firm has not had any ol its policies eau
celcd. but one of the ior,ign companies II
which We held quite large policy ~
duccd H. line on a. y. 900, thereby ncccs
stating the placing Of that amount IN nn
other company, which We had not ih
least difficulty IN doing. The banks M
very tight with their money, ~ far ~ th
buycr arc concerned, and this. presume
h from the inct that they insist on th
compress receipts for cotton bcioc the
will honor the exchange, and, ~ Il Wa
the huycr who lost by the great compws
fir. they will have 90 wait until they x,
their money irum the insurance companic
for their loss
NJ. &. Pcarcc & Co. None Of our pol
cics have been Cancelled or reduced. W
have suffered no inconvenience Ia the wa
of insurance at all. Bank accommodation
are easy with ~.
Tooi' McGowan & Cove have n,
had any trouble whatever with our insu
anco. Business Il good and money easy.
Geo. Arnold 4 Co. We have heard n
iniimaiion about canccling policici
Have all, aud can get oil, the insurance "
desire.
IIaddcn & Harrington There has bee
no cancellation oi any Of our insuranC
policies. aud We do not anticipate such
thing. There has been no decrease IN OF
bank accommodations.
Sugps & Pctiit-We had small polio
cancclcd by some foreign company sever
days ago, but Il was replaced IN anoih'
company In an hour aitcrward. There
not The least trouble in getting OIL The u
surance We need. and in good companie
W. n. Brown 4 Co.-No cancellation
polcios with ~, and insurance The san
rs before the fires.
HAYNES. Ellis & Co No policies cal
rrlcd vel. and do not fear such arcsnl
Tho money market Is clo-e, a. cverybod
lnovs hut the recent difficulty is in0st
with buyen. who cannot get sniiicu
ACCOMMODATION from the banks IN The VI
Of exchange. A large lot VI cotton ~